Right to work laws
A. are part of the legislation that was the foundation for the growth of unions in the U.S.
B. are included in the Wagner Act.
C. permit workers to be paid less than comparable worth would allow.
D. are in state laws that limit union power.
D. are in state laws that limit union power.
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When looking at data for unemployment and inflation in the 1950s and 1960s there is evidence supporting the short run Phillips Curve model.
Answer the following statement true (T) or false (F)
Automatic stabilizers stabilize the level of real GDP because:
A. Congress quickly changes spending and tax revenue. B. federal expenditures and tax revenues change as the level of real GDP changes. C. the spending and tax multiplier are constant. D. wages are controlled by the minimum wage law.
Which of the following statements is false?
A. The production possibilities curve shows the combinations of goods that can be consumed by a nation before trade begins. B. The production possibilities curve shows the combinations of goods that can be consumed by a nation after trade and specialization begins. C. The production possibilities curve shows the combinations of goods that can be produced by a nation before trading begins. D. The production possibilities curve shows the combinations of goods that can be produced by a nation after trade and specialization begins.
Let ? represent labor's share of total output. The Solow residual is, therefore, represented by
A) ?gy. B) ?gA. C) ?gK. D) ?gN. E) 1/?.